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Michael D. Cadwalader is a Principal in the Cambridge, MA office of LECG. Much of his work focuses on applying economic analysis to assist clients who are developing comprehensive proposals to restructure electricity markets. He has been extensively involved in the development of the markets administered by the New York Independent System Operator, and has also participated in restructuring efforts in the PJM Interconnection, Ontario, New England and California. His involvement in the development of these markets has included designing competitive markets for energy, ancillary services and installed capacity, and developing procedures for auctioning financial transmission rights (a.k.a. transmission congestion contracts) and installed capacity. In addition, he has also worked on projects for participants in these newly restructured markets, assisting them in understanding the implications of restructuring for their businesses, and helping them to develop strategies to take full advantage of the opportunities opened by these markets. Before joining LECG, Mr. Cadwalader was a principal with PHB Hagler Bailly (formerly Putnam, Hayes & Bartlett, Inc.). He also was a summer associate in the Cleveland office of McKinsey & Company, and worked in the finance and accounting departments of Inland Steel Industries. He received an A.B., summa cum laude, in mathematics and economics from Washington University in St. Louis, an M.A. in economics from the University of Rochester and an M.B.A., with distinction, in finance and strategic management from the Wharton School of the University of Pennsylvania, where he was named a Palmer Scholar. | 